AP 320 - Assessment Principles

3 Credits
Outline Effective Date: Academic Year 2025/2026
Revised Date: Oct 8, 2025
Date Approved: Nov 24, 2025

Lecture Hours: 45

Course Description:
This course provides an overview of the property assessment and taxation system in Alberta. Advanced topics that govern assessment/taxation in both urban and rural jurisdictions are presented. Students are introduced to various aspects of provincial and local governmental responsibilities.

Rationale:
This is a required course for Real Estate Appraisal and Assessment major of Business Administration program. Assessment is both a dynamic and challenging field requiring knowledge of market value of real property and provincial/municipal legislation. Familiarity with provincial and municipal processing in assessment is essential for students working in the industry.

Prerequisites: AP 310, AP 344
Corequisites: AP 444

Course Learning Outcomes:
A student who successfully completes the course will have reliably demonstrated the ability to

1.recognize and interpret the legislation that governs property assessment in Alberta.

2.complete assessments of regulated properties.

3.complete an assessment audit.

4.describe and calculate education tax.

5.explain equalization.

6.learn the requirements of Assessment Professionalism.

Required Resource Materials:
Assessment Materials Provided

Optional Resource Materials:
None

Conduct of Course:
This course is taught using a combination of lectures, discussions, and workshops to explore assessment procedures.

The course consists of lectures, labs, and/or fieldwork. Classroom instruction is delivered in a lecture format supported by visual aids. Questions and discussions are encouraged throughout to ensure understanding of the material. Assessment activities are completed during class time and cannot be rescheduled, as some materials are only available during scheduled sessions.

Regular attendance is essential for success in this course. Absence for any reason does not relieve a student of the responsibility to complete coursework and assignments to the satisfaction of the instructor. Poor attendance (more than 20%) may result in withdrawal from the course. The instructor will recommend that the Registrar withdraw any student who does not meet the established attendance requirements. A failing grade of RW (Required to Withdraw) will appear on the student’s transcript.

In cases of repeated absences due to illness, students may be required to submit a medical certificate. Instructors also have the authority to require students to attend classes.

Content of Course:

Legislation and regulations pertaining to assessment in Alberta.
Assessment audit, the expectations, and the parameters of acceptance.
Equalized assessment/overview of assessment in Alberta and education taxation.
Regulated assessment of farm properties and issues.
Regulated taxation of industrial properties and issues.
Professionalism in assessment.

Course Assessments:

EXAMS
Module 1	30%
Module 2	15%
Module 3	15%
Module 4	15%
Module 5	15%
Module 6	10%
Total	100%

Attendance is mandatory for Module 6 (Professionalism).

Official final grades will be available on My Lakeland. Grades posted in D2L should be considered interim grades.
“Lakeland College is committed to the highest academic standards. Students are expected to be familiar with Lakeland College policies and to abide by these policies. Violations of these policies are considered to be serious and may result in suspension or expulsion from the College.”

Course Pass Requirements:
A minimum grade of D (50%) (1.00) is required to pass this course.

Letter	F	D	D+	C-	C	C+	B-	B	B+	A-	A	A+
Percent Range	0-49	50-52	53-56	57-59	60-64	65-69	70-74	75-79	80-84	85-89	90-94	95-100
Points	0.00	1.00	1.30	1.70	2.00	2.30	2.70	3.00	3.30	3.70	4.00	4.00

Students must maintain a cumulative grade of C (GPA - Grade Point Average of 2.00) in order to qualify to graduate.

Every effort has been made to ensure that information in this course outline is accurate at the time of publication. Lakeland College reserves the right to change courses if it becomes necessary so that course content remains relevant.

In such cases, the instructor will give students clear and timely notice of changes.

No part of this course outline may be reproduced in any form or resold without written permission from Lakeland College.

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Toll-free in Canada: 1 800 661 6490 E-mail: admissions@lakelandcollege.ca

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